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$215,000

NAL Estimated Property Value

3915 Black Locust Dr, Houston, TX, 77088

$223,487 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,761 Sq Ft
price_per_sqft$127.77 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDisposal, Microwave, Dishwasher

Exterior

Lot Size7,841 sqft

Building Information

Year Built1972
Stories1
Garage Spaces2

Land Information

APN1044880000029
Lot Number29
SubdivisionInwood Pines
Land UseResidential
Legal DescriptionLT 29 BLK 6 INWOOD PINES SEC 1
Census Tract533100
Assessed Land Value$50,651
Assessed Improvement Value$149,685
Assessment Year2025

About this property

Welcome to 3915 Black Locust Drive, a one-story home located in the established Inwood Pines community. This property offers approximately 1,761 sq. ft. of living space on a 7,840 sq. ft. lot. The home features 3 bedrooms and 2 full bathrooms, along with a comfortable living and dining layout. The kitchen provides ample storage and workspace, while the spacious family room is ideal for daily living. The property includes a two-car garage and a fenced backyard, offering plenty of room for outdoor activities or future improvements. Built in 1972, this residence provides solid construction with the opportunity to update and customize to your style. New flooring, new carpet, entire house freshly painted, new tubs and bathrooms, new roof, A/C replaced in 2023, and new kitchen countertops. Conveniently located near major highways, schools, shopping, and dining, this home is ready for its new owner.

Investor Tools

Property Icon
$215,000
Estimated Property Value
$207,861Estimated Mortgage Balance
$7,139Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$223,487
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,350 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$302/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,552
$200,336
2025
$50,651
$149,685
$200,336
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,552
$200,336

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$210,000
Yes
First
Oct 8, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,861
$10,139
4%
97%
$1,260/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,722/mo
$1,500/mo
+$222/mo
9.6%

Learn About the Market: Opportunity in Houston

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Houston

Houston is one of the most economically diverse metros in the country — and one of its most globally connected. Known as the Energy Capital of the World, the city also anchors the Texas Medical Center, a massive port, and a thriving aerospace presence tied to NASA’s Johnson Space Center.

From refinery corridors to world-class hospitals, from international trade routes to master-planned suburbs like The Woodlands and Katy, Houston’s economy runs deep and wide. It’s a city built on industry, immigration, and resilience — with housing markets as varied as its population.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.2%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$261,700

Unemployment Rate

Unemployment Rate

4.10%

Price Trend

Price Trend

~2–4% YoY growth

New Permits

New Permits

~6,800 units

City: Houston

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3915 Black Locust Dr | Property Details | No Agent List